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To: ViperChick Secret Agent 006.9 who wrote (39385)	4/13/1998 9:36:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 58727

Gee its higher at 120.21 I don't get currency quotes. I dunno. I have scanned some commentaries. One person suggests that it's a set-up for another round of government intervention. He also noted something that has occurred to me ...I don't know how important it is. I remember GE bought out Kidder, American Express bought out somebody else, and so on...always at the end of a strong run. Now we have the Financials going berserk on cue, sorta weird. A late-cycle event, he called it. Then, the position that the NB/BAC merger threatens MSFT/INTU. Because the banks are financial software giants. Of course, the effect on MSFT is less than on INTU. I think one part I cannot pare down. So I will risk copyright problems and repeat what he said exactly. The author is Gene Inger. I have a lot of respect for his insight. I have no idea where this guy gets the time to gather all this stuff. if they intervene, you'll still get an additional decline in the Dollar, but the quick recovery of Dollar/Yen says more about fears over there, then arbitrage strategies on these relationships. Domestic investors here should, I believe, be more concerned about the point of inflection where bad news in Tokyo ceases to be good news over here. Remember our forecast; that initially selling of the Nikkei would be bullish for New York, but eventually (as concepts of world recession and/or Japans joining the circle of devaluation and cutthroat pricing already seen in smaller manufacturing countries in that region), this entire affair would cast a negative pall on our market too. While it can't be known precisely yet, there is a potentially bearish pattern construction underway, and the specific concerns about this economic evolvement are being more widely talked of.